HDB resale market to be watched #PR

Comment E-mail to friend Bookmark & Share The Singapore government intends to closely monitor the HDB resale market, according to Minister of National Development Khaw Boon Wan writing in his Housing Matters blog. He said: “Over the next three years, 80,000 new HDB flats will be completed and keys handed over to buyers. This year alone, 30,000 new flats will be completed. This will be more than double last year’s figure. “Most of these buyers are getting their first flats. But some, not a small number, are flat owners who will need to dispose of their existing flats within six months after collecting keys to their new flats . “Last year, there were 18,100 HDB resale transactions . Of these, 2,800 units came from such households who were in the process of moving to their new flats.” Minister Khaw predicted that the number is expected to double to 6,000 units each year over ...